Financially Sound Systems Exempt From Minimum Funding Standards

  1. Law
  2. Georgia Code
  3. Retirement and Pensions
  4. Public Retirement Systems Standards
  5. Minimum Funding Standards
  6. Financially Sound Systems Exempt From Minimum Funding Standards

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The minimum funding standards specified by Code Section 47-20-10 shall not apply to a retirement system which holds actuarial assets in excess of 150 percent of the actuarial present value of the accumulated retirement system benefits.

(Code 1981, §47-20-13, enacted by Ga. L. 1983, p. 1368, § 1.)


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